Kelkar Speaks On Growth

Sydney, April 29 | Updated: Apr 30 2004, 05:30am hrs
Riding the wave of growth fundamentals such as demographic transition, imp-roved incentive structures, diffusion of new technologies and an improved security environment, India will be growing at the rate of above 10 per cent per annum, finance ministry advisor Vijay L Kelkar said here.

Observing that India was at the threshold of a golden age of growth, he said Indias democratic framework is a key growth fundamental. India has paid the fixed costs of democracy in terms of the creation of institutional infrastructure, traditions and conventions.